Spain: Wooden Furniture Treatments Market 2023

Wooden Furniture Treatments Market Size in Spain

The Spanish wooden furniture treatments market surged to $X in 2021, picking up by 19% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Wooden Furniture Treatments Production in Spain

In value terms, wooden furniture treatments production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 20%. Wooden furniture treatments production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Wooden Furniture Treatments Exports

Exports from Spain

After two years of growth, overseas shipments of polishes and creams for wooden furniture and floors decreased by -4% to X tons in 2021. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 13%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, wooden furniture treatments exports declined slightly to $X in 2021. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of 14%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Portugal (X tons) was the main destination for wooden furniture treatments exports from Spain, accounting for a 78% share of total exports. Moreover, wooden furniture treatments exports to Portugal exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold. The third position in this ranking was held by the Czech Republic (X tons), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to Portugal totaled -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+52.1% per year) and the Czech Republic (-11.2% per year).

In value terms, Portugal ($X) remains the key foreign market for wooden furniture treatments exports from Spain, comprising 73% of total exports. The second position in the ranking was held by Mexico ($X), with a 7% share of total exports. It was followed by the Czech Republic, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to Portugal amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+49.9% per year) and the Czech Republic (-2.4% per year).

Export Prices by Country

The average wooden furniture treatments export price stood at $X per ton in 2021, stabilizing at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 29%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Wooden Furniture Treatments Imports

Imports into Spain

In 2021, overseas purchases of polishes and creams for wooden furniture and floors decreased by -0.4% to X tons for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports saw a slight contraction. The growth pace was the most rapid in 2018 when imports increased by 13%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, wooden furniture treatments imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of wooden furniture treatments to Spain, accounting for a 65% share of total imports. Moreover, wooden furniture treatments imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The Czech Republic (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+9.4% per year) and the Czech Republic (+30.7% per year).

In value terms, the largest wooden furniture treatments suppliers to Spain were the Netherlands ($X), France ($X) and the Czech Republic ($X), with a combined 77% share of total imports.

Among the main suppliers, the Czech Republic, with a CAGR of +37.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average wooden furniture treatments import price amounted to $X per ton, growing by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2016 an increase of 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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